Kubient, Inc. (NASDAQ:KBNT) Short Interest Up 52.6% in April

Kubient, Inc. (NASDAQ:KBNTGet Rating) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 58,300 shares, an increase of 52.6% from the March 31st total of 38,200 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 68,200 shares, the short-interest ratio is currently 0.9 days.

Several hedge funds have recently bought and sold shares of KBNT. Morgan Stanley bought a new position in shares of Kubient in the first quarter valued at approximately $51,000. Renaissance Technologies LLC lifted its holdings in shares of Kubient by 64.2% in the third quarter. Renaissance Technologies LLC now owns 135,500 shares of the company’s stock valued at $438,000 after purchasing an additional 53,000 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Kubient in the third quarter valued at approximately $146,000. Two Sigma Advisers LP bought a new position in shares of Kubient in the third quarter valued at approximately $127,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Kubient in the third quarter valued at approximately $89,000. Institutional investors own 17.78% of the company’s stock.

Separately, Maxim Group cut their price target on Kubient from $9.00 to $6.00 in a report on Monday, April 4th.

Shares of NASDAQ:KBNT opened at $1.06 on Friday. The business’s 50 day simple moving average is $1.67 and its two-hundred day simple moving average is $2.37. The firm has a market cap of $15.16 million, a P/E ratio of -1.43 and a beta of 2.64. Kubient has a 52-week low of $1.04 and a 52-week high of $6.99.

Kubient (NASDAQ:KBNTGet Rating) last posted its earnings results on Wednesday, March 30th. The company reported ($0.32) earnings per share for the quarter. Kubient had a negative net margin of 375.79% and a negative return on equity of 34.47%. The company had revenue of $0.86 million during the quarter.

About Kubient (Get Rating)

Kubient, Inc develops a cloud-based software platform for digital advertising industry. It develops Audience Marketplace, a platform for real-time trading of digital, programmatic advertising. The company's platform allows advertisers and publishers the ability to use machine learning during programmatic advertising inventory space auction.

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